The Finance Center

MyCreditGroup.com has posted a very helpful article that discusses how having bad credit has a negative impact on your financial well being and credit report. Having bad credit can send you into serious debt in the long and short terms unless you look into some options for credit repair.

Here is a list of just a few of the negative effects caused from bad credit:

- Your loan application could be denied. If your credit score is lower than the average, lenders will see you as too risky to lend money to. Your credit score will make it look like you won’t be as likely to pay back the loan as someone with an average credit score. Some lenders might not offer you any line of credit at all.

- Creditors and lenders, specifically the ones behind credit cards, view your bad credit with skepticism and will slap you with high interest rates. Read more…

Truth-out.org has posted an article how the difficulties of the government instigated mortgage assistance programs were designed to help banks “earn their way back to health.” Only a small percentage of homeowners are eligible to receive any assistance, and out of those, very few get any “meaningful assistance.” The overall idea of the programs is to lower homeowners’ monthly mortgage payments, but doesn’t reduce the overall burden.

Often, the burden on homeowners increases because money, that the homeowners could have otherwise saved, is funneled to help bail out banks. The Treasury has recently admitted that all the elaborate mortgage assistance programs were designed to “pump money into big banks and shield them from losses on bad loans”… and at all about helping homeowners. The Treasury’s only “serious” program to help ordinary people is really just a sham to help megabanks.

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Investing your money is a great way to save for retirement, college and other big ticket expenses. Unfortunately, sometimes our desire to see a great return on our money leads us to fraudulent investments. Scammers know that we all want the “too good to be true” investment to actually be true, and they work hard to convince us that it is true. Follow these tips to avoid investment scams:

1. Don’t let anyone rush you.

One of the ways scammers get their victims is by rushing them into making decisions. When someone solicits you about an investment, ask for some time (at least 24 hours) to think it over and consult your investment professional or other trusted resource.  If the person soliciting you pressures you into making an immediate decision, walk away!

Keep in mind that sometimes pressure is subtle. The sca

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If you’re like many Americans, you move homes fairly regularly. In fact, more than 40 million Americans move every year, according to the Census Bureau. For many folks, moving is about getting into a bigger or better home. Whatever the reason, moving always brings stress and extra expense.

This month, I’m organizing my family’s move from Phoenix to Texas. We’re a family of re-locaters. With a husband in the service, I’ve gotten used to moving on a moment’s notice. But, with each move comes the task of organizing our junk much-treasured belongings, getting all the members of our family ready, scheduling appointments with Realtors, calling ahead to turn on utilities, figuring out car licensing, etc.

With each move I’ve made, I’ve learned a few things. Here are five helpful moving tips that will hopefully make your next move a little easier:

Packing Can Be Expensive, Time Consuming and Hard

Boxes are not cheap. Check out Craig

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